Published: November 08, 2018
While merger is likely to reduce competition, watchdog says, it won’t breach Competition and Consumer Act
Former prime minister Paul Keating has accused the competition watchdog of intellectual weakness and “recreant abrogation of duty” by not opposing the merger of Fairfax Media and Nine.
The Australian Competition and Consumer Commission announced on Thursday morning it would not block Nine’s takeover, despite acknowledging that it could reduce competition.
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